CHICAGO, Feb. 23 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that it has named Barry C. Goldblatt to its Management Team as Managing Director, Commodities, Energy and Metals, based in New York. In this newly created position, Goldblatt, 49, will be responsible for developing and leading the execution of the company's global business strategy for listed and over-the-counter (OTC) agricultural commodities, energy and metals markets. He will report to Rick Redding, CME Group Managing Director, Products & Services.
"Customers around the world continue to come to CME Group to manage their risk in commodities, energy and metals markets," said CME Group Chief Executive Officer Craig Donohue. "This portfolio of products and services is among our fastest growing business lines with an annual growth rate of 18 percent. Barry's broad knowledge and demonstrated track record of success make him the ideal candidate to further develop our aggressive international growth strategy for these product lines."
"As our global client base demands even more centrally cleared risk management tools, we are committed to providing benchmark products combined with the benefits of CME Clearing," said Redding. "CME Group is continually expanding our expertise in order to best serve our customers, and we are pleased to have such an experienced industry leader join us to further develop our livestock, grains, oilseeds, energy - such as oil, gas and power - and metals markets."
CME Group offers the widest range of global benchmarks in physically delivered commodities. These products are available through the company's trading floors, its CME Globex(R) electronic trading platform and CME ClearPort(R), an open clearing service for more than 600 OTC products.
Prior to joining CME Group, Goldblatt most recently served as Managing Director, Commodities, Derivative Sales and Global Structured Notes for Merrill Lynch where he helped develop the third largest Commodity Index fund business in the United States. He has more than 25 years of experience in derivatives sales and trading, as well as creating structured products in agricultural, metals and energy commodities around the world. Goldblatt previously served as Head of Derivative Sales and Structured Risk for Koch Energy Trading and has also held a variety of senior positions trading for Lehman Brothers, Ken Orr Investments, UBS, Philipp Brothers (Salomon Brothers), J. Aron & Company (Goldman Sachs) and Dillon Read (UBS). Goldblatt earned a bachelor's degree in history from Binghamton University and an MBA degree from the University of North Carolina at Chapel Hill.
CME Group (http://www.cmegroup.com/) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at http://www.cmegroup.com/.
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